Number of partners: 9
Number of lawyers: 23
Languages: English, French
Trinity International LLP is a niche firm that provides advice in respect of projects, finance, corporate and commercial law.
The firm’s sector focus is on energy (including renewables), natural resources (mining and oil and gas), infrastructure (including transport infrastructure), agriculture and industry. In addition to project finance, the firm advises financiers and borrowers in respect of international trade/pre-export finance, corporate finance, acquisition/leverage finance, as well as public sector and financial institutions debt transactions.
The vast majority of Trinity’s advice relates to transactions in emerging markets, particularly throughout Africa, but with experience in the Middle East, Europe, Latin America and Asia. Trinity sets itself apart from other law firms by providing clients with senior lawyers on every transaction with a depth of knowledge and relevant experience.
In 2016, Trinity launched a Francophone practice to offer a more dedicated service to clients in French speaking markets, particularly in Sub-Saharan Africa, comprising both French law qualified lawyers and French speaking lawyers, with an office recently opened in Paris. The firm also has an innovative approach to providing legal advice and the structuring of fee arrangements, encouraging, where possible, a risk-sharing approach that focuses on milestones rather than hourly rates.
Main Areas of Practice:
Project finance, acquisition/leverage finance, international trade/pre-export finance, corporate finance, public sector finance and financial institutions transactions. Corporate/commercial including private equity and fund incorporation advice.
Within project finance, the firm’s principal activity is within the infrastructure, power (including renewables), transport, oil and gas, mining, industry, property and agriculture sectors. In respect of international trade finance, Trinity advises on pre-financings, export credit-backed transactions, bonding and letter of credit facilities, receivables and inventory financings, as well as in a variety of structured commodity products. Trinity’s leverage and corporate finance and private equity experience is not specific to particular sectors, however. The firm acts for developers/ sponsors, borrowers, financial institutions (including banks, funds, ECAs and multilateral agencies), investors, equity funds and governments/public sector entities.
Key Transactions Include:
■ Advising the Government in respect of a series of solar projects in Burkina Faso
■ Advising the sponsors of the 500MW Corbetti geothermal project in Ethiopia
■ Advising the sponsors of the 500MW Tulu Moye geothermal project in Ethiopia
■ Advising the developer of the Amandi gas IPP in Ghana
■ Acting on eight other IPPs in Ghana (including, solar/biomass/thermal)
■ Acting for the lenders to a gas extraction IPP in Lake Kivu in Rwanda
■ Acting for the lenders in respect of the financing of an oil jetty development in Takoradi, Ghana
■ Advising NEOEN on all aspects of the 45MW Bangweulu solar PV plant in Zambia, the first project to close from IFC’s ‘Scaling Solar’ programme
■ Acting for the sponsors of a thermal IPP in Sierra Leone
■ Advising various lenders on the financing of solar PV and CSP projects in the South African renewable energy IPP procurement programme
■ Advising the two developers in relation to two separate solar PV projects in Mali
■ Advising developers in relation to a port project in Senegal
■ Advising an international investor and developer in respect of its acquisition of an interest in a gas-fired IPP in Mozambique
■ Acting for a West African power platform on a multimillion dollar investment in it by a global energy private equity fund
■ Advising the sponsors of a wind IPP in Tanzania
■ Acting for an infrastructure fund in relation to its investment in an oil and gas company in Nigeria
■ Acting for the developer of the US$900m Azura-Edo gas-fired IPP in Nigeria
■ Acting for the developers of an approx. 500MW thermal power project in Nigeria
■ Advising on the 340MW, $900m Cenpower Kpone IPP in Ghana (African Power Deal of the Year 2014, Project Finance International)
■ Advising a lead investor/lender to a port expansion in Ghana
■ Acted for the lender group in respect of the €625m Lake Turkana Wind IPP in Kenya (African Renewables Deal of the Year 2014, Project Finance International)
■ Advising a Kenyan non-profit organisation in respect to the development of conservational solar IPP in Kenya
■ Advising on a number of solar IPPs in Nigeria
■ Acted for DEG, FMO, BIO and EAIF in respect to financing of the rehabilitation of sustainable palm oil plantations in the Democratic Republic of Congo
■ Advising CDC on its investment into the financing of a series of hydroelectric power projects in Virunga National Park, Democratic Republic of Congo
■ Advising an infrastructure fund in respect of its investment in a gas processing and supply company in West Africa
■ Advising a sponsor on the development of a 100MW thermal power plant in Burkina Faso
■ Advising sponsors on the development of several solar PV plants in Benin, Chad, Senegal, Burkina Faso and Mali
■ Advising in respect of the development of the 40MW Mocuba solar PV plant in Mozambique
■ Advising the sponsors of an offshore floating dock development in Takoradi, Ghana
■ Advising the sponsors of a 80 MW wind project in Djibouti
M&A, joint ventures and shareholder arrangements, investments, strategic alliances and general corporate/commercial advice. Trinity also has a private equity team, advising in respect of both downstream investments and fund incorporation transactions in sectors such as fast moving consumer goods, food and agriculture, healthcare, financial institutions (including microfinance) and industrials (including infrastructure and manufacturing). Trinity has a deep understanding of managing corporate transactions in emerging markets, having advised on hundreds of projects and transactions of different deal sizes.
Key Transactions Include:
■ Acting for a listed NYSE company on the proposed acquisition of a desalination project in Ghana
■ Acting for Satya, IFHA and founders on the sale of a Nigerian hospital business to an IFC consortium
■ Advising AKFED and IPS on the establishment of a pan-Africa IPP platform with CDC
■ Acting for Amaya Capital in relation to Actis’ acquisition of a controlling stake in the Azura Power platform with CDC
■ Advising DEG in respect of the sale of its minority shareholding in a Côte d’Ivoirian agricultural finance company
■ Acting for a private equity fund on its acquisition of a hospital and healthcare business in Uganda
■ Acting for the sponsors/management team on the establishment of the ARM-Harith infrastructure investment fund
Trinity has a wide client group including lenders to power and infrastructure projects and the developers of, and investors in, those projects. The firm also advises banks and borrowers in its other finance disciplines.
Trinity’s clients include development finance institutions (such as African Development Bank, CDC and the development finance institutions in the Netherlands, Germany, France and South Africa), commercial banks (such as Standard Bank, Citibank, Nedbank, Standard Chartered, Rand Merchant Bank and Absa Bank), developer/investor clients (including Access Power, Aksa Enerji, Scatec Solar, Pan African Infrastructure Development Fund, Africa Infrastructure Investment Fund, Africa Finance Corporation, Globeleq and eleQtra/InfraCo Limited). Trinity’s corporate and private equity clients include corporates, commercial banks, development finance institutions, fund investors and managers as well as the management teams of businesses into which the downstream investments are made.
Trinity is widely recognised for its work in African countries and other emerging economies. Africa remains a core focus of Trinity and the firm has advised in a wide range of transactions in over 35 African jurisdictions, where it is supported by a network of local law firms. The firm’s distinctive approach has allowed it to expand its practice into other markets, including Europe, the Middle East and Asia. The firm intends to capitalise on its reputation by building presences in Africa and Asia/Australasia, as well as continuing to expand its practice in respect of Francophone Africa.